Pre-owned vehicles generally had at least one owner in the past and prices of these vehicles can vary depending on the make, model, year or condition. Is buying a preowned vehicle a good idea? Below, we explore a few benefits of purchasing a preowned vehicle!
- Cost Effective
Used cars are generally more affordable as opposed to buying a brand new vehicle. If you’re interested in saving some cash, this is a great option for you!
- Warranty
Many preowned vehicles are still covered by factory warranty and certified preowned vehicles undergo careful inspection before being resold.
- Options/ Selections
With preowned vehicles, you have the ability to purchase different years of a model that you may prefer, even if it’s a model or style that is no longer in production.
- Bulk of Depreciation Has Already Occurred
New vehicles begin depreciating from the time they begin driving. A new vehicle’s value can drop up to 11% on your drive home and continues falling in value as the months and years go by! With preowned vehicles, the bulk of depreciation has already occurred.
- Better For The Environment
Buying a preowned vehicle can reduce the carbon dioxide output into the environment. Preowned vehicles also have a lesser impact on the environment as compared to new, hybrid vehicles that use lithium-ion, lead acid or nickel-metal hydride batteries.
- Lower Insurance Costs
Insurance costs vary based on age, driving history, mileage etc. Insurance for a preowned vehicle tends to be lower than a new vehicle since one of the key determining cost of insurance is the value of the car.
If you’re interested in exploring your options or purchasing a preowned vehicle, contact Massy Motors Preowned at: 657-8521 ext 7506/2509